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Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Westside Corp Ltd Announces Indicative takeover Proposal Update

Monday, 7 Jan 2013 06:54pm EST 

Westside Corp Ltd announced that it is continuing to progress discussions with the party which submitted an indicative, conditional, non-binding and confidential proposal on November 19, 2012. The proposal involves the acquisition of 100 percent of the shares in WestSide for cash consideration of AUD 0.52 per share. However, uncertainty remains as to whether any binding proposal which might be acceptable to the WestSide Board will eventuate. The Board reiterates its earlier advice that shareholders take no action at this time. 

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0.015 +5.66%
16 Apr 2014